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Transocean Stock Price, Forecast & Analysis (NYSE:RIG)

$4.46
-0.20 (-4.29 %)
(As of 11/20/2019 04:00 PM ET)
Today's Range
$4.43
Now: $4.46
$4.77
50-Day Range
$4.05
MA: $4.74
$5.56
52-Week Range
$3.76
Now: $4.46
$10.03
Volume22.32 million shs
Average Volume16.71 million shs
Market Capitalization$2.73 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.84
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. Read More…

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone41-41-749-0500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.02 billion
Cash Flow$0.84 per share
Book Value$21.51 per share

Profitability

Net Income$-1,996,000,000.00

Miscellaneous

Employees6,700
Market Cap$2.73 billion
Next Earnings Date2/17/2020 (Estimated)
OptionableOptionable

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Transocean (NYSE:RIG) Frequently Asked Questions

What is Transocean's stock symbol?

Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG."

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) posted its quarterly earnings results on Monday, October, 28th. The offshore drilling services provider reported ($0.38) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.40) by $0.02. The offshore drilling services provider earned $784 million during the quarter, compared to the consensus estimate of $773.64 million. Transocean had a negative return on equity of 6.26% and a negative net margin of 47.50%. The business's revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. View Transocean's Earnings History.

When is Transocean's next earnings date?

Transocean is scheduled to release their next quarterly earnings announcement on Monday, February 17th 2020. View Earnings Estimates for Transocean.

What price target have analysts set for RIG?

14 brokerages have issued 12-month target prices for Transocean's shares. Their forecasts range from $6.00 to $14.00. On average, they expect Transocean's share price to reach $9.04 in the next year. This suggests a possible upside of 102.7% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.

Has Transocean been receiving favorable news coverage?

News headlines about RIG stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Transocean earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the offshore drilling services provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Transocean.

Are investors shorting Transocean?

Transocean saw a increase in short interest in October. As of October 15th, there was short interest totalling 66,840,000 shares, an increase of 7.1% from the September 15th total of 62,410,000 shares. Based on an average daily trading volume, of 21,590,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 11.7% of the company's stock are short sold. View Transocean's Current Options Chain.

Who are some of Transocean's key competitors?

What other stocks do shareholders of Transocean own?

Who are Transocean's key executives?

Transocean's management team includes the folowing people:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 44)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 56)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 50)
  • Mr. Howard E. Davis, Exec. VP and Chief Admin. Officer & Information Officer (Age 60)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 46)

Who are Transocean's major shareholders?

Transocean's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.89%), Wedge Capital Management L L P NC (0.45%), Commerzbank Aktiengesellschaft FI (0.34%), Rhumbline Advisers (0.22%), River & Mercantile Asset Management LLP (0.20%) and Robeco Institutional Asset Management B.V. (0.18%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Institutional Ownership Trends for Transocean.

Which institutional investors are selling Transocean stock?

RIG stock was sold by a variety of institutional investors in the last quarter, including Somerset Capital Management LLP, Robeco Institutional Asset Management B.V., Tower Research Capital LLC TRC , Granite Investment Advisors LLC, CenturyLink Investment Management Co, Wedge Capital Management L L P NC, Oakbrook Investments LLC and Great West Life Assurance Co. Can. Company insiders that have sold Transocean company stock in the last year include David A Tonnel and Howard E Davis. View Insider Buying and Selling for Transocean.

Which institutional investors are buying Transocean stock?

RIG stock was bought by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, State of Tennessee Treasury Department, SG Americas Securities LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Pacer Advisors Inc., Commerzbank Aktiengesellschaft FI and Cerebellum GP LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Insider Buying and Selling for Transocean.

How do I buy shares of Transocean?

Shares of RIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $4.46.

How big of a company is Transocean?

Transocean has a market capitalization of $2.73 billion and generates $3.02 billion in revenue each year. The offshore drilling services provider earns $-1,996,000,000.00 in net income (profit) each year or ($0.79) on an earnings per share basis. Transocean employs 6,700 workers across the globe.View Additional Information About Transocean.

What is Transocean's official website?

The official website for Transocean is http://www.deepwater.com/.

How can I contact Transocean?

Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. The offshore drilling services provider can be reached via phone at 41-41-749-0500 or via email at [email protected]


MarketBeat Community Rating for Transocean (NYSE RIG)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  849 (Vote Outperform)
Underperform Votes:  1,469 (Vote Underperform)
Total Votes:  2,318
MarketBeat's community ratings are surveys of what our community members think about Transocean and other stocks. Vote "Outperform" if you believe RIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/20/2019 by MarketBeat.com Staff

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